ALI BABAR (1927

ALI, BABAR (1927- ) Babar Ali belongs to a family with deep roots in Lahore, Pakistan’s second largest city The family also has ties to the countryside It has been active for many years in agriculture as well as industry After education in the United States, Babar Ali founded Packages, one of the most successful modern enterprises in Pakistan Using Packages as the base, he moved into the food-processing business In 1974, he was named by Prime Minister Zulfikar Ali Bhutto to manage the Fertilizer Corporation of Pakistan, one of several public-sector enterprises established by the government to manage nationalized industries In 1993, Babar Ali served briefly as minister of finance in the caretaker administration headed by Moeen QureshiBabar Ali’s most important contribution was the establishment of the Lahore University of Management Sciences (LUMS), a business school modeled after the Harvard Business School The success of LUMS opened the sector of education to private initiative, especially at the university level, an important development, since Pakistan was faring poorly in providing quality education